Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.

The continuing power of the US dollar was called into question this week as the International Monetary Fund added the Chinese yuan as a part of the IMF's "currency" known as Special Drawing Rights. What does this mean for the US and China?

In the popular academic mind, the doctrine of class-conflict seems to be inextricably linked to the particular Marxist version of the idea. 1 Lip-service is often paid — especially by those eager to diminish the claims to originality of Marx and Engels — to the fact that these writers had...

Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.